This copper & copper manufactured products market is segmented on the basis of product type and geography. Based on product type, the market is broadly classified into industrial machinery, transportation, wire & cable, architecture, building construction, electrical & electronic devices, and others. In the year 2016, electrical & electronic devices had generated the maximum revenue with a share of more than 25%.

The use of copper wire in power transformers reduced chances of failure as compared to aluminum wire terminations. In addition, copper is soft, electrically conductive, and breaks easily, thereby preventing non-mechanical connections such as soldering with less expansion. It has resulted in the highest revenue from transformers under electrical & electronic devices.

The demand for metal substitutes is on an increase every year. Metals are copper have been in use since decades and is still leading the global metal market. For instance, lead is a naturally-occurring metal and is largely found in scientific equipment, building materials, and car batteries. However, lead recycling is an energy-efficient process, and thus acts as one of the major contributors to sustainable development by reducing CO2 emissions. Lead smelting is a hazardous process, which requires labor, health, and occupational safety. Therefore, due to stringent environmental regulations, its recycling rate in Europe and the U.S. is more than 95%, making it one of the most valuable materials. These factors are challenging the copper & copper manufactured products market.

The market is analyzed across four regions-North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to the presence of large number of consumers of copper & copper manufactured products in the region and is expected to grow at a significant rate.

Request for Table of Content

Copper & copper manufactured products are still in use. Rapid increase in urbanization is currently being witnessed in emerging countries of Asia, Latin America, and Africa. This scenario has led to increase in government and consumer expenditure on residential and infrastructure construction, which increases the demand for copper products. Additionally, the material is aesthetically pleasing building material along with corrosion-resistance properties, as a result of which, copper manufactured products are extensively used.

China, Europe, and the U.S. are some of the world’s higher copper consumers since 2000. China possesses a huge manufacturing sector, contributing more than 50% to the country’s GDP, thereby resulting in highest copper consumption across industrial machinery, transportation, and building construction. These factors are making Asia-Pacific, the biggest market in 2016.